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-Assume That Stephanie and Roger Are the Only Consumers, and Are

Question 20

Multiple Choice

-Assume that Stephanie and Roger are the only consumers, and are willing and able to purchase one unit each. According to Table 7.1, at a price of $3, the total consumer surplus is

  -Assume that Stephanie and Roger are the only consumers, and are willing and able to purchase one unit each. According to Table 7.1, at a price of $3, the total consumer surplus is A)  $4. B)  $11. C)  $3. D)  $2. E)  $1.
-Assume that Stephanie and Roger are the only consumers, and are willing and able to purchase one unit each. According to Table 7.1, at a price of $3, the total consumer surplus is


A) $4.
B) $11.
C) $3.
D) $2.
E) $1.

Correct Answer:

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